Organic food co.'s cash account shows a $6,400 debit balance and its bank statement shows $5,790 on deposit at the close of business on august 31. august 31 cash receipts of $2,140 were placed in the bank’s night depository after banking hours and were not recorded on the august 31 bank statement. the bank statement shows a $210 nsf check from a customer; the company has not yet recorded this nsf check. outstanding checks as of august 31 total $2,020. in reviewing the bank statement, an $170 check written by organic fruits was mistakenly drawn against organic food’s account. the august 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. prepare a bank reconciliation using the above information.

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?